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Paul Romer · Apr 3, 2023

Juice the Profits

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If you thought that I was being too cynical when I said in my previous post that the decision makers at Silicon Valley Bank were not “well-intentioned naïfs,” Daniel Gilbert, Todd C. Frankel, and Joseph Menn have an update: Flush with cash from a booming tech industry, Silicon Valley Bank executives embarked on a strategy in 2020 to juice profits that quickly triggered an internal alarm. In buying…

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